The official blog for singer, writer, director and human rights advocate Aisha and her affiliated web sites.

Saturday, April 5, 2014

B2K Rapper Lil Fizz Goes Broke

Lil Fizz

A recent report indicates B2K rapper, Lil Fizz, real
name, Dreux Pierre Frédéric, 28, filed for bankruptcy and
surrendered his $215,000 condo back to the bank in the proceedings.
The former teen group B2K burst onto the scene in 2001 with the hit
“Uh Huh!” It was quickly followed by the hit “Gots Ta Be.” The group
embarked on “Scream” tours throughout America with fellow artists
Bow Wow and IMX, which drew large crowds.

Lil Fizz

The group disbanded after a few short years and with
the exception of group member Omarion, no significant money has been
coming in to support the members. Better financial planning would
have benefited the group. When the first checks start coming in
artists must think ahead and make wise investments, such as a
moderately priced home and CDs (certificate of deposit) to save for
a rainy day.

B2K

Lil Fizz bought a condo and three costly cars. The
latter led to financial problems. Paying off the condo should have
been first priority and the car payments for several vehicles could
have accomplished that. Fizz was also sued over a marijuana shop in
California, where the state assessed fines. His earning ability was
also limited after B2K closed shop, as his solo career did not take
off.

Chris Stokes

His problems were compounded, as there was also
turmoil behind the scenes in the group. Allegations of molestation
by the group’s producer Chris Stokes, caused quite a stir. For years
Stokes has sent me legal threats at the Judiciary Report over
articles on the subject. However, he doesn’t want me in a court room
telling that judge what I know. However, I hope the FBI, who reads
this website everyday investigates him.

STORY SOURCE

GONE BROKE!!!! One Of The Members Of B2K Is BROKE . . . His
Only ASSETS Are $300 . .. The CLOTHES ON HIS BACK . . . And His B2K
Plaques!!! (Its Hard In These STREETS)

March 27, 2014: B2K's Lil Fizz filed for Chapter 7
bankruptcy ... claiming he only had $4,150 in assets and $352,294 in
liabilities. He listed his income at the time as $3,250 a month and
his expenses at $4,4937. He had $300 in his Wells Fargo checking
account, $500 in clothes and a $200 electric scooter. However, he
had a 200k mortgage on a Northridge, CA apartment, 2k debt on his
Sears charge account, owed 2k on a credit card, 45k on a land rover,
49k on another car and 32k on another car ... along with various
other debts.

According to his docs, he listed himself as a
self-employed entertainer. He brought in the $3,250 from his job ...
but he was paying $2,425 on his home, $480 in transportation not
from his 3 cars, $1,200 to other people he supported and $200 in
food which left him with a negative balance of $1,687 a month. Lil
Fizz lost his home as part of his bankruptcy. Then last year he was
he was finally discharged from his bankruptcy and his debt was wiped
clean.